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Fannie, Freddie Bailout Receives Revamp

By

Alan Zibel and

Nick Timiraos

Updated Aug. 17, 2012 5:06 p.m. ET

The Treasury Department on Friday revamped its financial support of Fannie Mae and Freddie Mac to accelerate the pace at which the mortgage-finance giants will pay back the government for its rescue four years ago.

In the latest change to a nearly four-year-old rescue, the Treasury Department will capture all the profits that they post in any given quarter, rather than requiring a 10% annual dividend payment. They won't require...